New York State Teachers Retirement System Sells 126,645 Shares of The Walt Disney Company (NYSE:DIS)

New York State Teachers Retirement System cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,583,507 shares of the entertainment giant's stock after selling 126,645 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Walt Disney worth $152,318,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DIS. ESL Trust Services LLC bought a new stake in Walt Disney during the first quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank raised its position in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of Walt Disney by 78.2% in the 1st quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant's stock valued at $66,000 after buying an additional 237 shares during the period. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company's stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Loop Capital dropped their price target on shares of Walt Disney from $139.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Macquarie reduced their price objective on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a research note on Thursday, September 19th. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.05.

Walt Disney Stock Up 0.1 %

Shares of Walt Disney stock traded up $0.11 during trading on Wednesday, reaching $96.24. The stock had a trading volume of 1,506,365 shares, compared to its average volume of 10,784,928. The company has a market capitalization of $175.45 billion, a price-to-earnings ratio of 104.49, a P/E/G ratio of 1.49 and a beta of 1.40. The stock has a fifty day moving average price of $92.84 and a two-hundred day moving average price of $97.71. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $80.18 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analysts' expectations of $23.08 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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